On 2 October 2019, EU ESMA updated its FAQs on transparency and market structures. Updated FAQ for transparency issues (S 3 Equity transparency Q5) clarifies that for ETFs there is only one average daily turnover (ADT) band from which to choose the highest threshold to be used to calculate the average value of transactions (AVT).…
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Rulefinder Reports Temporary Short Selling Ban
On 2 October 2019, Rulefinder reported a temporary short selling ban in two countries.
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India – SEBI Interest Rate Derivatives
On 26 September 2019, IND SEBI updated position limits for derivatives. Previously prescribed framework for trading of cash settled interest rate derivatives. Following consultations with stock exchanges, SEBI will review extant position limits. Banks and primary dealers have same position limits as trading members. Category I and II FPIs shall have same position limits as…
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U.S. – CFTC Limits on Security Futures
On 27 September 2019 final rule published in federal register, effective 26 November 2019.
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RRS Exceeds $7T in Aggregate AUMs
Solutions Atlantic, the experts in global shareholding disclosure today announced that its Regulatory Reporting System (“RRS”) is now managing over $7T in aggregate client assets under management. No other vendor comes close to its client to AUM ratio. “While other vendors may have an equal or larger client base they cannot compare to the size…
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Singapore – MAS Short Selling Regulations
On 24 September 2019, SIN MAS issued guidelines on short sale regulations. Guidelines state requirements for the reporting of short sell orders and short positions. Short Selling Guidelines provide market participants with better understanding of administration of legislative provisions relating to short selling disclosure and reporting in SFA by MAS. Has guidelines for institutional participants…
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